United Rentals, Inc. (URI) Position Trimmed by Iberiabank Corp

Iberiabank Corp trimmed its position in shares of United Rentals, Inc. (NYSE:URI) by 77.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,091 shares of the construction company’s stock after selling 7,103 shares during the period. Iberiabank Corp’s holdings in United Rentals were worth $342,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. DNB Asset Management AS increased its holdings in United Rentals by 2.3% during the third quarter. DNB Asset Management AS now owns 15,346 shares of the construction company’s stock worth $2,511,000 after buying an additional 346 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of United Rentals by 5.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,282 shares of the construction company’s stock valued at $927,000 after purchasing an additional 349 shares during the last quarter. Visionary Asset Management Inc. increased its holdings in shares of United Rentals by 18.3% in the third quarter. Visionary Asset Management Inc. now owns 2,303 shares of the construction company’s stock valued at $377,000 after purchasing an additional 356 shares during the last quarter. HL Financial Services LLC increased its holdings in shares of United Rentals by 1.2% in the second quarter. HL Financial Services LLC now owns 30,246 shares of the construction company’s stock valued at $4,465,000 after purchasing an additional 359 shares during the last quarter. Finally, CENTRAL TRUST Co increased its holdings in shares of United Rentals by 7.6% in the second quarter. CENTRAL TRUST Co now owns 5,536 shares of the construction company’s stock valued at $817,000 after purchasing an additional 390 shares during the last quarter. Institutional investors and hedge funds own 86.82% of the company’s stock.

NYSE:URI opened at $137.88 on Friday. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.63 and a current ratio of 0.68. United Rentals, Inc. has a one year low of $135.68 and a one year high of $190.74. The firm has a market capitalization of $13.54 billion, a price-to-earnings ratio of 13.02, a P/E/G ratio of 0.57 and a beta of 2.46.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, July 18th. The construction company reported $3.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.45 by $0.40. United Rentals had a net margin of 21.18% and a return on equity of 39.28%. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the company posted $2.37 earnings per share. United Rentals’s revenue was up 18.4% compared to the same quarter last year. On average, analysts predict that United Rentals, Inc. will post 16.1 earnings per share for the current fiscal year.

In related news, CEO Michael Kneeland sold 30,000 shares of the company’s stock in a transaction dated Friday, July 20th. The shares were sold at an average price of $155.37, for a total value of $4,661,100.00. Following the transaction, the chief executive officer now directly owns 219,925 shares in the company, valued at $34,169,747.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Donald C. Roof sold 5,000 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $167.78, for a total transaction of $838,900.00. Following the completion of the transaction, the director now owns 12,564 shares in the company, valued at $2,107,987.92. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of United Rentals from a “hold” rating to a “buy” rating and set a $163.00 price objective on the stock in a report on Tuesday, July 31st. Bank of America set a $200.00 price objective on shares of United Rentals and gave the company a “buy” rating in a report on Thursday, September 13th. Deutsche Bank set a $158.00 price objective on shares of United Rentals and gave the company a “hold” rating in a report on Wednesday, September 5th. Buckingham Research set a $190.00 price objective on shares of United Rentals and gave the company a “buy” rating in a report on Tuesday, September 18th. Finally, UBS Group set a $196.00 price objective on shares of United Rentals and gave the company a “buy” rating in a report on Tuesday, August 14th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $188.73.

United Rentals Company Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power, and Pump. The General Rentals segment engages in the rental of general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.

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Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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